Rajasthan Gases Limited announced a private placement of 77,500,000 prepaid warrants on July 7, 2022. The transaction will include participation from Ravi Omprakash Agrawal for 7,500,000 warrants, Ravi Omprakash Agrawal HUF for 7,500,000 warrants, Amita Ravi Agrawal for 6,500,000 warrants, Neeraj Omprakash Agrawal for 3,500,000 warrants, Sanchiti Neeraj Agrawal for 1,500,000 warrants, Dhiraj Omprakash Agrawal for 3,500,000 warrants, Rupali Dhiraj Agrawal for 1,500,000 warrants, Suraj Omprakash Agrawal for 2,500,000 warrants, Gaurav Shukla for 5,000,000 warrants, Kapil Chandraprakash Taneja for 2,500,000 warrants, Ankur Chandraprakash Taneja for 2,500,000 warrants, Paras Subhash Jain for 5,000,000 warrants, Ravindra Maloo for 2,500,000 warrants, Ravindra Maloo (HUF) for 2,500,000 warrants, Hitesh Jagdish Khandwani for 1,000,000 warrants, Sita Devi Lakhotia for 625,000 warrants, Shailesh Lakhotia HUF for 625,000 warrants, Shymasunder Lakhotia HUF for 625,000 warrants, Sushil Lakhotia HUF for 625000 warrants, Himanshu Lakhotia for 625,000 warrants, Sandhya Lakhotia for 625,000 warrants, Santosh Lakhotia for 625,000 warrants, Ritu Shailesh Lakhotia for 625,000 warrants, Amit Hariprasad Agrawal for 1,000,000 warrants, Ankit Hariprasad Agrawal for 1000000 warrants, Piyush Rajkumar Diwanka for 1,000,000 warrants, Poonam Rajkumar Diwanka for 1,000,000 warrants, Priyank Rajkumar Diwanka for 1,000,000 warrants, Rajkumar Madanlal Diwanka for 1,000,000 warrants, Sakshi Priyank Diwanka for 1,000,000 warrants, Hemang Dhanshukhbhai Tanna for 2,000,000 warrants, Geeta Hemang Tanna for 1,000,000 warrants, Kanhayalal Thawrani for 1,000,000 warrants, Mukesh Shyam Waghwani for 500,000 warrants, Deepak Thawrani for 1,000,000 warrants, Tanisha Goel for 2,000,000 warrants, Neha Goel for 1,500,000 warrants, Reeta Goel for 1,500,000 warrants. The transaction has been approved by the board of directors of the company.

The company will issue warrants on preferential basis.